What It Wave Sdn. Bhd. does

IT Wave Sdn. Bhd. (also operating as IT Wave Asia Sdn Bhd) is a privately held Malaysian IT services company headquartered in Bangsar, Kuala Lumpur. The firm delivers enterprise IT services across four pillars — strategic digital transformation, healthcare IT solutions, cybersecurity and IT governance, and managed services — with a core technology focus on a healthcare Electronic Health Records (EHR) platform and an LHDN-integrated e-invoicing solution.

The flagship is a modular EHR platform built for clinics, specialized medical facilities, and hospitals, with in-built Laboratory Information System (LIS), Picture Archiving and Communication System (PACS), Financial Management (ERP, accounting, doctor's payment, patient billing), Master Patient Index (MPI), and real-time inventory. It interoperates via HL7 with third-party applications including a Patient Portal and an AI-driven QMS, and integrates MIMS for drug data. Specialized modules extend the platform into Smart Ward, Smart Queue Management, Mother & Baby Tracking, Asset Management & Tracking, Patient Portal, and Point of Sale. The platform is positioned against HIPAA, HIMSS Level 7, JCI, and AACI standards. Separately, the firm markets an e-invoicing solution fully integrated with Malaysia's LHDN MyInvois Portal, supporting both semi-automated bulk upload and a fully automated API mechanism with field validation, built-in queuing for zero data loss, and unlimited on-app storage.

IT Wave monetizes through a blend of professional services (digital transformation consulting, EHR implementation, cybersecurity assessments, IT governance), managed services (ongoing infrastructure support and proactive monitoring), and software/recurring revenue tied to the EHR platform and e-invoicing solution. Pricing is quote-based with multi-year contracts. Distribution is direct sales-led through three named representatives (Vinodh, Reggie, Pathy Packiri), targeting Malaysian healthcare providers as the primary segment and general enterprises of all sizes as a secondary segment. The firm discloses no revenue, funding, headcount, or leadership team.

Name

It Wave Sdn. Bhd.

Legal name

IT Wave Sdn Bhd

Website

https://itwave.asia

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

IT Wave Sdn. Bhd. is a Malaysia-based IT services company specializing in healthcare Electronic Health Records platforms and LHDN-integrated e-invoicing, serving clinics, hospitals, and general enterprises via professional, managed, and software services.

Ownership category

akta.pro rank

Product category

Healthcare IT Services and Software Solutions

NAICS

Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511), Computer Facilities Management Services (541513)

SIC

Services-Computer Integrated Systems Design (7373), Services-Prepackaged Software (7372)

akta.pro primary industry

Medical-Grade Device Connectivity & Device Management (MDM) (HLACAFAG)

akta.pro secondary industries

E-Signature & Digital Transaction Management (DTM) (HDAEAGAF), Endpoint & Device Management (UEM/MDM) Services (BPAEABAF), IT Service Management (ITSM) Platforms (HDAEALAA)

Keywords

• Healthcare IT services
• Electronic health records
• Digital transformation consulting
• Managed IT services
• E-invoicing solutions

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Professional Services: Digital transformation consulting, implementation services for EHR solutions, cybersecurity assessments, IT governance, and compliance services delivered by experienced IT professionals.
2. Managed Services: Ongoing IT infrastructure management, support, and optimization delivered as a recurring service.
3. Software Solutions (EHR and E-Invoicing): EHR platform and e-invoicing solution provided as part of service delivery, likely subscription or usage-based model integrated with professional services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

IT Wave Sdn. Bhd. provides IT services and solutions to businesses, with core offerings including an Electronic Health Records (EHR) platform for healthcare providers, an E-Invoicing solution integrated with Malaysia's LHDN MyInvois Portal, and professional services spanning Strategic Digital Transformation, Cybersecurity and IT Governance, and Managed Services. The company delivers tailored consulting, implementation, and ongoing managed support to clinics, hospitals, and general enterprises across Malaysia.

Product overview

IT Wave Sdn. Bhd. offers a platform-plus-modules architecture centered on its Electronic Health Records (EHR) platform, which serves as the core product for healthcare organizations. The EHR platform includes built-in modules for Laboratory Information System (LIS), Picture Archiving and Communication System (PACS), and Financial Management. Additional healthcare-specific modules include Smart Ward, Patient Portal, Mother & Baby Tracking, Smart Queue Management, and Asset Management & Tracking. The company also provides standalone products including an E-Invoicing Solution for Malaysia's LHDN compliance, and services such as Strategic Digital Transformation consulting, Cyber Security & Governance, Managed Services, and Project Management.

Differentiator

Problem solved

Functional benefit

Products and services

• Electronic Health Records (EHR) Platform Comprehensive Electronic Health Records solution for clinics, specialized medical facilities, and hospitals, featuring integrated Laboratory Information System (LIS), PACS, Financial Management Module (ERP, Accounting, Doctor's Payment, Patient Billing/Invoicing), Master Patient Index (MPI), real-time inventory updates, and compliance with HIPAA, HIMSS Level 7, JCI, and AACI standards. Supports HL7 integration with 3rd party applications and MIMS drug database integration.
• E-Invoicing Solution Robust, secure, and compliant e-invoicing solution integrated with LHDN's MyInvois Portal, supporting semi-automated bulk upload and fully automated API mechanisms. Features validation/verification of mandatory e-invoice fields, customizable PDF with embedded XML and QR code, built-in queuing for zero data loss, automated error handling with email alerts, and unlimited on-app storage.
• Strategic Digital Transformation Consulting service guiding organizations on modernizing operations, enhancing customer experiences, and driving sustainable growth through the development of tailored digital transformation strategies leveraging the latest digital technologies.
• Cyber Security, Governance, Policies and Procedures Cybersecurity solutions and IT governance frameworks that ensure clear accountability, regulatory compliance, and protection of critical data and systems. Includes development of robust policies and procedures aligned with industry standards to reduce risks and ensure operational resilience.
• Managed Services Managed IT services providing access to specialized IT skills, advanced technologies, proactive monitoring, and ongoing support, enabling clients to optimize their IT infrastructure, enhance operational efficiency, and improve business outcomes through continuous support and optimization.

Quantifiable outcome

• Zero data loss through built-in queuing mechanism for e-invoicing

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability1 record

Feature4 records

Partnerships

One partnership is on record.

• LHDN (Lembaga Hasil Dalam Negeri Malaysia)coreTechnology or IntegrationLHDN is Malaysia's tax authority. IT Wave's e-invoicing solution is fully integrated with LHDN's MyInvois Portal, enabling clients to comply with Malaysia's mandated e-invoicing requirements. This integration provides validation, verification, and submission of e-invoices directly to LHDN.

Scale indicators1 record

Expansion highlights4 records

Broad incumbents

• Oracle Health (Cerner): Global incumbent EHR and healthcare IT provider serving large hospital systems worldwide. Represents the scale and breadth of competition IT Wave faces when pursuing mid-to-large hospital and health system deals in Malaysia.
• GE Healthcare: Global healthcare technology and digital health vendor with hospital IT, imaging, and care delivery offerings. Comparable to IT Wave's PACS module and broader healthcare IT portfolio from a broad incumbent perspective, especially for imaging-centric hospital workflows.
• MEDITECH: Established EHR and healthcare IT vendor serving community hospitals and health systems globally. Comparable as a broader incumbent competitor in the EHR space, particularly for mid-sized hospital accounts that overlap with IT Wave's healthcare target market.
• Epic Systems: Largest US-based EHR vendor serving academic medical centers and large health systems. Relevant incumbent benchmark for healthcare IT capabilities and feature depth IT Wave's EHR must match to compete for enterprise hospital contracts.
• Agfa HealthCare: Healthcare IT vendor specializing in imaging (PACS/RIS) and integrated care solutions globally. Comparable to IT Wave's PACS module and integrated EHR-platform approach for mid-sized hospitals and imaging-centric deployments.
• Veradigm (Allscripts): Major EHR and healthcare IT vendor serving physician practices, ambulatory clinics, and hospitals. Comparable to IT Wave's EHR offerings for clinics and ambulatory care settings, representing larger incumbent competition in the same customer segment.

Emerging players

• InterSystems: Global healthcare data platform provider focused on interoperability, integration, and clinical informatics. Comparable to IT Wave's HL7-based EHR integration layer and medical equipment/device connectivity approach, though operating at larger enterprise scale and broader geographic reach.

Direct peers

• ManagePay: Malaysian fintech and digital solutions provider offering e-invoicing and payment products integrated with LHDN MyInvois. Direct competitor to IT Wave's e-invoicing solution for Malaysian SMEs and enterprises seeking LHDN compliance.
• SoftSpace: Malaysian fintech company providing digital payment, e-invoicing, and regulatory compliance solutions tailored to Malaysian frameworks. Directly comparable to IT Wave's LHDN MyInvois e-invoicing product for the same domestic customer base.
• Crimson Logic: Singapore-based digital transformation and government/enterprise IT solutions provider with healthcare and trade compliance offerings across Southeast Asia. Directly comparable to IT Wave's mix of digital transformation, healthcare IT, and regulated-industry compliance services in the region.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/it-wave-sdn-bhd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about It Wave Sdn. Bhd.